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May 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-30
Haier Pentangular Cup One-day tournament on December 31

Haier Pentangular Cup One-day tournament on December 31

The Cool & Cool Presents Haier Pentangular Cup One-day Tournament 2014-15 is commencing with a fixture between Sindh Knights and Khyber Pakhtunkhawa Fighters on December 31, 2014 at the National Stadium at Karachi. Consisting of 11 day and night matches i
Published 30 Dec, 2014 12:00am
New Zealand cruise past Sri Lanka to cap best ever year

New Zealand cruise past Sri Lanka to cap best ever year

New Zealand wrapped up a win against Sri Lanka by eight wickets on Monday to cap their most successful year in Test cricket. Set a meagre 105-run target on the fourth day of the first Test in Christchurch, they took 30.4 overs to complete the victory with
Published 30 Dec, 2014 12:00am
Centuries for Brathwaite and Samuels before collapse

Centuries for Brathwaite and Samuels before collapse

Kraigg Brathwaite and Marlon Samuels hit centuries in a record stand before the West Indies collapsed on the fourth day of the second Test against South Africa at St George's Park on Monday. At the end of a day when less than three hours of play was possi
Published 30 Dec, 2014 12:00am
Marsh sets India near record task to win third Test

Marsh sets India near record task to win third Test

An unbeaten half-century by Shaun Marsh put Australia in a strong position on Monday, setting India a near-record task if they are to win the third Test in Melbourne. Marsh produced one of his finest knocks for his country with 62 to steer Australia to 26
Published 30 Dec, 2014 12:00am
Hafeez flies to India for bowling action test

Hafeez flies to India for bowling action test

Pakistan's spinning all-rounder Mohammad Hafeez flies to India on Monday in a bid to have his bowling action cleared in time for next year's World Cup. The 34-year-old's action was reported as suspect during the first Test against New Zealand in Abu Dhabi
Published 30 Dec, 2014 12:00am
Pak-Afghan Parliamentarians Security Dialogue opens today

Pak-Afghan Parliamentarians Security Dialogue opens today

A two-day Pakistan-Afghanistan Parliamentarians Security Dialogue will open on Tuesday (today) with focus on tackling terrorism as a common challenge, strengthening mutual co-operation in various fields and increasing parliamentary interaction between the
Published 30 Dec, 2014 12:00am
Current fiscal year FPI declining in equity market

Current fiscal year FPI declining in equity market

Foreign Portfolio Investment (FPI) in Pakistan has been declining in the equity market in current financial year, in marked contrast to the previous financial year when foreign portfolio investors flooded the market. Pakistan attracted only $68.2 million
Published 30 Dec, 2014 12:00am
Current fiscal year FPI declining in equity market

Current fiscal year FPI declining in equity market

Foreign Portfolio Investment (FPI) in Pakistan has been declining in the equity market in current financial year, in marked contrast to the previous financial year when foreign portfolio investors flooded the market. Pakistan attracted only $68.2 million
Published 30 Dec, 2014 12:00am
Zardari felicitates Shahryar Khan, Fazil Jamili

Zardari felicitates Shahryar Khan, Fazil Jamili

Former President Asif Ali Zardari has felicitated Shahryar Khan and Fazil Jamili on their election as president of National Press Club Islamabad and Karachi Press Club, respectively. In his message on Monday, the former President said that Shahryar Khan's
Published 30 Dec, 2014 12:00am
Amir Khan meets COAS

Amir Khan meets COAS

Chief of Army Staff General Raheel Sharif on Monday met Pakistan born British boxer Amir Khan at General's Headquarters (GHQ). According to Inter Services Public Relations (ISPR), Amir expressed solidarity with families of Peshawar attack during the meeti
Published 30 Dec, 2014 12:00am
Boxer Amir Khan visits APS Peshawar

Boxer Amir Khan visits APS Peshawar

British boxer Amir Khan on Monday visited the school where Taliban gunmen slaughtered 150 people including 134 children to pay his respects to the victims. The WBC welterweight world champion, who has Pakistani roots, has pledged to help rebuild the Army
Published 30 Dec, 2014 12:00am
Changes in tax policy: third meeting of TRC to be held on January 17

Changes in tax policy: third meeting of TRC to be held on January 17

The third meeting of Tax Reforms Commission (TRC) will be held on January 17, 2015 (Saturday) at Large Taxpayers Unit (LTU), Lahore to discuss changes in tax policy regarding sales tax, income tax and customs duty. The Federal Board of Revenue (FBR) has a
Published 30 Dec, 2014 12:00am
Cotton production target set at 13.48 million bales

Cotton production target set at 13.48 million bales

The government set cotton production target at 13.48 million bales for the current season (2014-15) against the initial target of 15.1 million bales. The third meeting of Cotton Crop Assessment Committee (CCAC) for the crop season 2014-15 held here with A
Published 30 Dec, 2014 12:00am
Chief Secretary pays farewell call on Nisar

Chief Secretary pays farewell call on Nisar

Chief Secretary Punjab, Naveed Akram Cheema paid a farewell call on to Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan here on Monday. The minister expressed his sincere wishes to the CS, in his recently assigned new role, as T
Published 30 Dec, 2014 12:00am
Pakistan says 'Homeland' insulting to terror fight

Pakistan says 'Homeland' insulting to terror fight

The latest season of US TV spy drama "Homeland" is ruffling feathers among Pakistani officials who are plausibly unhappy at the portrayal of the country's powerful spy agencies.
Published 30 Dec, 2014 12:00am
Shortage of water, bowsers, manpower aggravate Timber Market inferno

Shortage of water, bowsers, manpower aggravate Timber Market inferno

Shortage of water bowsers and fire-extinguishing machines operators, empty fire-tender and half-strength manpower widely added to the blaze that broke out at Karachi Timer Market last weekend to turn billion of rupees property and private wood businesses
Published 30 Dec, 2014 12:00am
51st batch of Marine Academy cadets passes out

51st batch of Marine Academy cadets passes out

Passing out parade of 51st batch of cadets of Pakistan Marine Academy (PMA) was held here on Monday. Director General Ports & Shipping Abdul Malik Ghauri was the chief guest. Welcoming the chief guest, Commandant, PMA Tahir Jamil, said the academy was rec
Published 30 Dec, 2014 12:00am
Interpol arrests Uzair Baloch at Dubai airport

Interpol arrests Uzair Baloch at Dubai airport

Interpol arrested an absconder, Uzair Baloch, at Dubai International Airport on Monday. The Pakistani consulate in Dubai confirmed on Monday that Uzair Baloch was arrested by Interpol at Dubai Airport. He was wanted by the judicial authorities of Pakistan
Published 30 Dec, 2014 12:00am
AVCC, CPLC recover abducted dairy farm owner

AVCC, CPLC recover abducted dairy farm owner

Citizens Police Liaison Committee (CPLC) and Anti-Violent Crime Cell (AVCC) in a joint action recovered an abductee from Steel Town area. According to details, a dairy farm owner Abu-Bakar was kidnapped by unidentified men while he was on the way to Suppe
Published 30 Dec, 2014 12:00am
July-November services trade posts $1 billion deficit

July-November services trade posts $1 billion deficit

The country's services trade deficit posted a notable decline of 24 percent during the first five months of current fiscal year supported by arrival of Coalition Support Fund. Although, cumulatively, services trade deficit has reached close to one billion
Published 30 Dec, 2014 12:00am
Pakistan hands over 12-year old girl to India

Pakistan hands over 12-year old girl to India

Pakistan on Monday handed over 12-year-old girl who mistakenly crossed border, to Indian authorities. Inter Services Public Relations (ISPR) said that Nasreen, 12, inadvertently stepped in Pakistan's territory on Line of Control (LoC) in Haji Pir Sector o
Published 30 Dec, 2014 12:00am
ICD set to embark on vision

ICD set to embark on vision

Italian Development Committee (IDC) hopes to accomplish the desired goals by January 2015, and is set to embark on the vision that was set five years ago. The IDC Secretariat is geared to bring an experience to its valued members that will be remembered f
Published 30 Dec, 2014 12:00am
Ethical performance becomes a bigger focus: CIMA report

Ethical performance becomes a bigger focus: CIMA report

Ethical performance is getting more attention from organisations around the world, but many need to improve staff training and communication to truly embed an ethical culture, according to a new report by the Chartered Institute of Management Accountants
Published 30 Dec, 2014 12:00am
US ambassador meets interior minister

US ambassador meets interior minister

United States Ambassador to Pakistan Richard Olson called on the Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan here on Monday. The Ambassador expressed his condolences for the precious loss of innocent lives during the tragic
Published 30 Dec, 2014 12:00am
Most Gulf markets pull back

Most Gulf markets pull back

Most Gulf stock markets pulled back on Monday after gaining strongly in the two previous sessions, but Saudi Arabia's petrochemicals sector rose after Brent crude oil climbed back above $60 per barrel. Oil rebounded in thin holiday trade after a fire at o
Published 30 Dec, 2014 12:00am
China shares at highest level since 2010

China shares at highest level since 2010

China shares closed at their highest levels since 2010 on Monday, on strength in insurance and property firms, with those connected to the Shanghai Free Trade Zone also leaping on plans for a major expansion of the zone. The CSI300 index of the largest li
Published 30 Dec, 2014 12:00am
Monday's afternoon trade: Wall Street edges up in quiet session

Monday's afternoon trade: Wall Street edges up in quiet session

US stocks edged higher in a thinly-traded session on Monday as the market's recent upward bias continued and put the Dow on track for an eighth straight daily advance. Equities have trended to the upside of late, with the S&P 500 up 5.9 percent over the p
Published 30 Dec, 2014 12:00am
TSX higher, lifted by energy stocks as oil rises

TSX higher, lifted by energy stocks as oil rises

Canada's main stock index rose on Monday, boosted by energy stocks as crude prices found support in concerns about output disruptions in Libya. Oil has plunged in recent months amid a supply glut, but it rose on Monday as a Libyan oil official said the OP
Published 30 Dec, 2014 12:00am
Nikkei surrenders early gains

Nikkei surrenders early gains

Japanese stocks turned negative on Monday after the health ministry announced a suspected case of the deadly Ebola virus, spooking investors but boosting health-related shares. The Nikkei benchmark fell 0.5 percent to close at 17,729.84 points, wiping out
Published 30 Dec, 2014 12:00am
Australian shares rally to seven-week high

Australian shares rally to seven-week high

Australian shares rose 1.5 percent on Monday to their highest level in seven weeks, while New Zealand stocks set a fresh record high in thin holiday-time trading. The S&P/ASX 200 index ended up 79.2 points at 5,473.8, after earlier rising to as high as 5,
Published 30 Dec, 2014 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan stocks fell in thin trade on Monday from a five-week closing high in the previous session, as many investors were away for year-end holidays, while fresh defections ahead of the January 8 presidential poll hurt sentiment, stockbrokers said. The
Published 30 Dec, 2014 12:00am
Hang Seng posts biggest gain since November

Hang Seng posts biggest gain since November

Hong Kong shares finished higher on Monday, underpinned by a positive outlook on markets in both the mainland and overseas. The Hong Kong market has been falling behind others during the past month and investors are back chasing gains.
Published 30 Dec, 2014 12:00am
Indian shares rise

Indian shares rise

Indian shares rose for the second consecutive session on Monday, led by metals and mining firms such as Tata Steel on expectations the government would pass executive orders to ease land acquisition rules and auction minerals such as iron ore. The cabinet
Published 30 Dec, 2014 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 0.89 percent on Monday, led by gains in memory chip makers and computer manufacturers. As of 0237 GMT, the main TAIEX index rose 81.96 points to 9300.03, largely in line with other regional bourses, after closing flat on Saturday in a s
Published 30 Dec, 2014 12:00am
Gold prices underpin South African share prices

Gold prices underpin South African share prices

South African stocks climbed more than 1 percent in thin trade on Monday to close at a three-week high as investors snapped up bullion producers such as AngloGold Ashanti that have benefited from a recent rally in the spot price. Although spot gold was do
Published 30 Dec, 2014 12:00am
Athens angst hits southern European stock markets

Athens angst hits southern European stock markets

Greek shares slid on Monday, hitting other southern European markets, after lawmakers rejected the government's candidate for president and set in train a snap election that could derail the nation's bailout programme. Fears the euro zone's sovereign debt
Published 30 Dec, 2014 12:00am
PAF clear-headed about its targets: Air Chief

PAF clear-headed about its targets: Air Chief

Chief of Air Staff, Pakistan Air Force (PAF), Air Chief Marshal, Tahir Rafique Butt said on Monday that PAF was very clear-headed about its targets and along with Pakistan Army was carrying out categorical and precise operations against terrorists and ant
Published 30 Dec, 2014 12:00am
Three IESCO CEs promoted as GMs

Three IESCO CEs promoted as GMs

Three chief engineers of Islamabad Electric Supply Company (IESCO) have been promoted as General Managers. According to office order issued by Pepco, Fayyaz Hussain Sadique Chief Engineer/Operation Director, Khalid Nazir Chief Engineer Co-ordination and W
Published 30 Dec, 2014 12:00am
Operation-hit traders from Bara: special compensation package demanded

Operation-hit traders from Bara: special compensation package demanded

Members of Tehreek-i-Haqooq-e-Bara, a movement for rights of Bara IDPs from the tribal Khyber Agency, demanded the government to announce special compensation package and provision of soft-loan for traders, whose businesses affected by the ongoing militar
Published 30 Dec, 2014 12:00am
Youth delegation from IHK visits APS

Youth delegation from IHK visits APS

A youth delegation from Indian Held Kashmir (IHK) on Monday visited the Army Public School (APS) Peshawar. Members of the delegation said terrorists attack on school strongly denounced across the occupied Kashmir, and Kashmiris were standby with Pakistan.
Published 30 Dec, 2014 12:00am
Seven Afghans among 19 held

Seven Afghans among 19 held

At least nineteen people including seven Afghan nationals were arrested here on Monday in search operations in Abbottabad and Loralai. According to sources, 14 people including two Afghan nationals were arrested in search operation at Phul Gulab, area of
Published 30 Dec, 2014 12:00am
No BISP board meeting in 2014

No BISP board meeting in 2014

The board of Benazir Income Support Programme failed to hold even a single meeting in 2014 and some important matters, including approval of budget and expenditure, still remain pending. A senior official of the BISP told Business Recorder on Monday that
Published 30 Dec, 2014 12:00am
Telecom sector attracts $903 million FDI in 2013-14

Telecom sector attracts $903 million FDI in 2013-14

Telecom sector of the country remained main contributor of Foreign Direct Investment (FDI) by attracting over $903 million in 2013-14 against negative $408 million in 2012-13, Pakistan Telecommunication Authority (PTA) reveals. The country's total FDI was
Published 30 Dec, 2014 12:00am
UBL Funds receive MAP's Top Corporate Excellence Award 2014

UBL Funds receive MAP's Top Corporate Excellence Award 2014

UBL Fund Managers Limited (UBL Funds), managing UBL Stock Advantage Fund (equity fund), received the Management Association of Pakistan's (MAP) Top Corporate Excellence Award 2014 in the financial sector. They are the first and only Asset Management Compa
Published 30 Dec, 2014 12:00am
UBL Funds receive MAP's Top Corporate Excellence Award 2014

UBL Funds receive MAP's Top Corporate Excellence Award 2014

UBL Fund Managers Limited (UBL Funds), managing UBL Stock Advantage Fund (equity fund), received the Management Association of Pakistan's (MAP) Top Corporate Excellence Award 2014 in the financial sector. They are the first and only Asset Management Compa
Published 30 Dec, 2014 12:00am
APML reacts to Zardari's statement against Musharraf

APML reacts to Zardari's statement against Musharraf

The All Pakistan Muslim League (APML) of former military ruler Pervez Musharraf has strongly reacted to the statement of Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari against the party chief, saying that "Zardari's politics is soaked in the b
Published 30 Dec, 2014 12:00am
Raza Rabbani warns against formation of military courts

Raza Rabbani warns against formation of military courts

Pakistan People's Party (PPP) Senator Raza Rabbani on Monday warned against formation of military courts for speedy trial of terrorists, saying that any constitutional amendment for the purpose will hit the basic structure of constitution.
Published 30 Dec, 2014 12:00am
UBG's Mian Idrees elected as FPCCI President

UBG's Mian Idrees elected as FPCCI President

The United Business Group (UBG) led by Iftikhar Malik swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections for 2015. UBG's candidates Mian Muhammad Idrees and Abdul Rahim Janoo were elected as President and Senior Vi
Published 30 Dec, 2014 12:00am
PACRA upgrades PCICL rating

PACRA upgrades PCICL rating

The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of Pak China Investment Company Limited (PCICL) to 'AA' (Double A) [previous: AA-]. The short-term rating is maintained at 'A1+' (A One plus), which is already at t
Published 30 Dec, 2014 12:00am
PACRA upgrades PCICL rating

PACRA upgrades PCICL rating

The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of Pak China Investment Company Limited (PCICL) to 'AA' (Double A) [previous: AA-]. The short-term rating is maintained at 'A1+' (A One plus), which is already at t
Published 30 Dec, 2014 12:00am
Gas supply to Punjab-based textile mills resumed

Gas supply to Punjab-based textile mills resumed

Gas supply to the Punjab-based textile mills was resumed on Monday evening by the SNGPL, said industry sources. According to the industry sources, the mills were instructed by the APTMA management to resume operations on gas supply from 6PM until 10PM. Ho
Published 30 Dec, 2014 12:00am
PMEX relocates business continuity, disaster recovery site

PMEX relocates business continuity, disaster recovery site

Pakistan Mercantile Exchange (PMEX), the country's only multi commodity futures exchange, signed an agreement to relocate both its Business Continuity (BC) as well as Disaster Recovery (DR) site to National Clearing Company of Pakistan Limited (NCCPL).
Published 30 Dec, 2014 12:00am
Dismissal of pleas against death sentences challenged in Supreme Court

Dismissal of pleas against death sentences challenged in Supreme Court

The Supreme Court was moved on Monday against the Lahore High Court Rawalpindi bench verdict that has dismissed appeals against death sentences awarded to five persons allegedly involved in terrorist attack on an army camp in Gujrat in 2012. Dismissing th
Published 30 Dec, 2014 12:00am
TCS launches new customer service

TCS launches new customer service

TCS has launched TCS Hazir, an advanced courier service designed to respond to the customer right at his doorstep - within 60 minutes. Customers can call TCS Hazir and book documents and parcels of up to 25 kg right at their doorstep thus enabling them to
Published 30 Dec, 2014 12:00am
ANF organises Force Commanders Conference

ANF organises Force Commanders Conference

ANF on Monday organised Force Commanders Conference at ANF Headquarters under the chairmanship of Director General ANF Major General Khawar Hanif, which was attended by Commanders of all Regional Directorates and Senior Staff Officers. During the conferen
Published 30 Dec, 2014 12:00am
Euro off lows in Asia

Euro off lows in Asia

The euro inched away from more than two-year lows but remained on tenterhooks as investors awaited a key vote in Greece later in the session, while the dollar treaded water in its final week of a strong 2014. Activity is likely to be thin this week ahead
Published 30 Dec, 2014 12:00am
Early trade in New York: euro holds ground despite Greece worries

Early trade in New York: euro holds ground despite Greece worries

The euro edged higher against the US dollar on Monday after traders who had anticipated that Greece would fail to elect a new president took profits on short euro positions, while the greenback was higher against the yen on new Japanese stimulus.
Published 30 Dec, 2014 12:00am
Euro holds its ground in London in face of nerves over Greece

Euro holds its ground in London in face of nerves over Greece

The euro held its ground on Monday in the face of renewed nerves over Greece prompted by a failed attempt to elect a new president, leaving the country facing an early national election which could derail its bailout programme.
Published 30 Dec, 2014 12:00am
Yuan weakens

Yuan weakens

China's yuan weakened on Monday, changing hands at 6.2227 per dollar at midday, after the central bank set a weaker official midpoint. The People's Bank of China set the midpoint rate at 6.1205 per dollar prior to market open, weaker than the previous fix
Published 30 Dec, 2014 12:00am
Canadian $ little changed

Canadian $ little changed

The Canadian dollar was little changed against the greenback on Monday and was expected to trade in a tight range this week, with the currency on track to close out its worst year since 2008. Investors were keeping an eye on developments in Greece after t
Published 30 Dec, 2014 12:00am
Egyptian pound steady

Egyptian pound steady

The Egyptian pound held steady at a central bank dollar sale on Monday and on the black market. The bank offered $40 million at the sale and said it had sold $38.4 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchanged from its last s
Published 30 Dec, 2014 12:00am
Aussie and New Zealand $ subdued

Aussie and New Zealand $ subdued

The Australian and New Zealand dollars were subdued on Monday against a broadly firmer greenback in thin year-end trade, with the Aussie pinned near nine-year lows against its kiwi cousin. The Aussie was steady at $0.8123, having drifted in a slim $0.8110
Published 30 Dec, 2014 12:00am
Asian forex Rupiah hits two-week high

Asian forex Rupiah hits two-week high

Indonesia's rupiah rose to its strongest level in more than two weeks on Monday on speculation the central bank may intervene further to support it. Most emerging Asian currencies also gained on expectations that strong stock markets will attract more for
Published 30 Dec, 2014 12:00am
Sri Lankan rupee forwards fall

Sri Lankan rupee forwards fall

Sri Lankan rupee forwards fell on Monday due to importer dollar demand, while dealers said unusual year-end demand for the greenback offset inflows from remittances and weighed on the local currency. Three-day forwards, or spot-next, ended at 132.15/30 pe
Published 30 Dec, 2014 12:00am
South Korea proposes talks with North Korea next month

South Korea proposes talks with North Korea next month

A top South Korean official offered Monday to hold high-level talks with North Korea in January, as Pyongyang battles growing pressure over human rights and a cyber row with the US. Ryoo Kihl-Jae, the South's unification minister in charge of North Korean
Published 30 Dec, 2014 12:00am
Struggling Croatia to elect president in run-off

Struggling Croatia to elect president in run-off

Croatia will choose a new president in a January run-off seen as a key test for next year's parliamentary election after an unexpectedly tight first round as the country struggles with economic crisis. Centre-left incumbent Ivo Josipovic and Kolinda Graba
Published 30 Dec, 2014 12:00am
US gives go-ahead to fast Ebola test

US gives go-ahead to fast Ebola test

US authorities have given emergency authorisation to Swiss pharmaceutical firm Roche for an Ebola test that can take as little as three hours, the company said on Monday. The US Food and Drug Administration authorised the test for emergency use on patient
Published 30 Dec, 2014 12:00am
Sanctions have worked against Russia aggression: Obama

Sanctions have worked against Russia aggression: Obama

Strategic and tough sanctions against Moscow have effectively battled Russian President Vladimir Putin's aggression in Ukraine, US President Barack Obama said in an interview broadcast Monday. Obama recalled how Putin had convinced many in Washington that
Published 30 Dec, 2014 12:00am
Poroshenko announces Putin meeting in new peace push

Poroshenko announces Putin meeting in new peace push

Ukraine's Western-backed leader Petro Poroshenko promised Monday to meet Russia's Vladimir Putin and involve US President Barack Obama in his stalled push for peace with pro-Kremlin fighters in the separatist east. The surprise announcement came days afte
Published 30 Dec, 2014 12:00am
Pope gunman ordered out of Italy

Pope gunman ordered out of Italy

Mehmet Ali Agca, the Turk who attempted to assassinate John Paul II, was ordered out of Italy on Monday, two days after he paid a surprise visit to the late pope's tomb. The 56-year-old former right-wing extremist, has been in custody since Saturday, when
Published 30 Dec, 2014 12:00am
Israeli army kills Palestinian youth

Israeli army kills Palestinian youth

Israeli troops shot dead a 17-year-old Palestinian boy in the occupied West Bank during a stone-throwing incident Monday near the northern city of Nablus, sources on both sides said. The army said soldiers had fired warning shots before opening fire on a
Published 30 Dec, 2014 12:00am
No US embassy in Iran for now, says Obama

No US embassy in Iran for now, says Obama

US President Barack Obama said Washington was not ready to open an embassy in Iran due to differences over nuclear policy, a position that contrasts with his new approach to Cuba. "I never say never, but I think these things have to go in steps," Obama sa
Published 30 Dec, 2014 12:00am
Hillary, Oprah women most admired by Americans: poll

Hillary, Oprah women most admired by Americans: poll

Former secretary of state Hillary Clinton remains the woman most admired by Americans, followed by television icon Oprah Winfrey and Pakistani activist Malala Yousafzai, polling agency Gallup said Monday. Clinton, a likely 2016 US presidential candidate,
Published 30 Dec, 2014 12:00am
Cameroon air strikes hit Boko Haram for first time

Cameroon air strikes hit Boko Haram for first time

Cameroon has sent warplanes into action against Nigerian Boko Haram fighters for the first time, after the large force of jihadists crossed the border and seized a military camp, the government said. President Paul Biya personally ordered Sunday's air str
Published 30 Dec, 2014 12:00am
Rallies as journalists mark year in Egyptian jail

Rallies as journalists mark year in Egyptian jail

Rallies were held in London and The Hague on Monday in support of three Al-Jazeera journalists as they marked a year in prison in Egypt. Australian journalist Peter Greste has been behind bars since December 29, 2013, along with Canadian-Egyptian Mohamed
Published 30 Dec, 2014 12:00am
Three dead, thousands flee as storm hits southern Philippines

Three dead, thousands flee as storm hits southern Philippines

Three people were killed, one is missing and thousands fled their homes as a tropical storm battered the southern Philippines with strong winds and heavy rain, officials said Monday. The storm, locally named "Seniang" and with winds of up to 80 kilometres
Published 30 Dec, 2014 12:00am
Guardian picks AFP's Kilic as photographer of the year

Guardian picks AFP's Kilic as photographer of the year

The Guardian newspaper on Monday selected AFP's Bulent Kilic as its best agency photographer of the year, picking out a selection of his pictures from the Syrian border, Ukraine and his native Turkey. The British daily's website announced the award and pu
Published 30 Dec, 2014 12:00am
SPEL holds IPO introductory session at LSE

SPEL holds IPO introductory session at LSE

Synthetic Products Enterprises Limited (SPEL) in collaboration with its lead managers Arif Habib Limited arranged an introductory session at LSE for TREC Holders and Investors of Exchange regarding its upcoming IPO.
Published 30 Dec, 2014 12:00am
Fog may disrupt Lahore, Sialkot, Multan flights today: Met Office

Fog may disrupt Lahore, Sialkot, Multan flights today: Met Office

The dense foggy conditions would continue in plains of Punjab, due to which flights at Lahore, Sialkot, Multan and Faisalabad airports may be interrupted today (Tuesday). The traffic over Motorway and GT Road may also be interrupted, Meteorological depart
Published 30 Dec, 2014 12:00am
Accredited ISO 9001:2008: TUV Austria holds training programme on IRCA

Accredited ISO 9001:2008: TUV Austria holds training programme on IRCA

TUV Austria Bureau of Inspection and Certification has conducted five-day training programme on International Register of Certificated Auditors (IRCA) Accredited ISO 9001:2008 here in the provincial metropolis. The expert in the field of Quality Managemen
Published 30 Dec, 2014 12:00am
Eight die, 37 injured in various fog-related road accidents

Eight die, 37 injured in various fog-related road accidents

At least eight persons were killed and 37 others sustained injuries, including five children in fog-related separate road accidents across Punjab and Kohat on Monday. Dense fog has engulfed the plain areas of the Punjab which has resulted in disturbing th
Published 30 Dec, 2014 12:00am
CM Punjab, British HC discuss matters of mutual interest

CM Punjab, British HC discuss matters of mutual interest

British High Commissioner Philip Barton met Punjab Chief Minister Shahbaz Sharif, here on Monday and discussed matters of mutual interest, bilateral relations and promotion of co-operation in health, education and other social sectors. The British HC stro
Published 30 Dec, 2014 12:00am
Orientation session held

Orientation session held

An orientation session for private schools partnering under evening programme of the Education Voucher Scheme (EVS) was held on Monday at PEF head office. Principals and owners of different partnering schools attended the briefing session. On the occasion
Published 30 Dec, 2014 12:00am
PCGA chief urges prime minister to form ETT soon

PCGA chief urges prime minister to form ETT soon

Chairman of Pakistan Cotton Ginners Association (PCGA), Hafeez Anwar while talking to media here on Monday has urged the Prime Minister Nawaz Sharif to constitute Economic Think Tank (ETT) soon to resolve economic crisis in the country and put the economy
Published 30 Dec, 2014 12:00am
Punjab PSMA says justified to seek government support

Punjab PSMA says justified to seek government support

Pakistan Sugar Mills Association (PSMA) Punjab Chairman Javed Kayani has said the sugar industry was justified to ask for support from the government as constant increase in support price of sugarcane by the government every year has resulted in enhanced
Published 30 Dec, 2014 12:00am
Labard committed to serve physically-challenged peoples

Labard committed to serve physically-challenged peoples

Lahore Businessmen Association for Rehabilitation of Disabled (Labard) is committed to serve the physically-challenged peoples and making out all efforts to make them active part of the society. These views were expressed by Labard President Muhammad Perv
Published 30 Dec, 2014 12:00am
Punjab government to establish Psycho Trauma Centres soon

Punjab government to establish Psycho Trauma Centres soon

With a view to resolve the issues of mental and psychiatric traumas of the victims of natural disasters, accidents and terrorist activities, the Punjab government has decided to establish "Psycho Trauma Centres" in the province soon. These centres will pr
Published 30 Dec, 2014 12:00am
Rich tributes paid to Shaikh Ayaz

Rich tributes paid to Shaikh Ayaz

Islamabad-based writers and intellectuals have said that poetry was something divine and Shaikh Ayaz's poetry was eternal and reflection of all us.
Published 30 Dec, 2014 12:00am
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